Plant & Machinery for auction Olpad Surat 24 lakh The Nasik Merchants Co-op Bank Ltd

Property for Auction in Olpad, Surat, Gujarat

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
620 Sq. mtrs
Reserve Price
24,13,000
Reserve Price
24,13,000
EMD Required
2,41,300
Property Specifications
Size620 Sq. mtrs
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Plant & Machinery
Location IconLocation:
Olpad, Surat
Auction Date IconAuction Date:
25-11-2025 12:00 PM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:612975

Bank Name:The Nasik Merchants Co-op Bank Ltd

Branch Name:Satpur, Nashik

Reserve Price:24,13,000

EMD:2,41,300

Bid Increment:10,000

Auction Time:12:00 Noon to 3.00 PM

Service Provider:Public Auction

Important Dates

Submission Date:2025-11-24

Bid Start Date:2025-11-25

Property Description

This auction features the plant and machinery of M/s. Yug Yarn Pvt. Ltd., located in Olpad, Surat, Gujarat. The assets are categorized as scrap, plant, and machinery. This is a SARFAESI auction conducted by The Nasik Merchants Co-op Bank Ltd. The property comprises industrial equipment and machinery, suitable for various manufacturing or processing needs. Detailed inventory and condition reports are available upon request.

State:Gujarat

City:Surat

Area:Olpad

Asset Category:Scrap, Plant & Machinery

Full Address:Plot No. 28A on the bearing block No. 792 situated at Mauje Village Kursad, Sub District Taluka-Olpad, Dist. Surat., Olpad, Surat

Size:620 Sq. mtrs

Auction Description

The Nasik Merchants Co-op Bank Ltd is holding a SARFAESI auction for the plant and machinery of M/s. Yug Yarn Pvt. Ltd. in Olpad, Surat, Gujarat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price is set at ₹24,13,000, with an Earnest Money Deposit (EMD) of ₹2,41,300 required to participate. This is a prime opportunity to acquire industrial assets at a competitive auction price.

Borrower Name:M/s. Yug Yarn Pvt. Ltd.

Auction Type:SARFAESI Auction

Guarantor Names:Dhanani Shantiben Kantilal, Dobariya Kantilal Muljibhai, Findoriya Dineshbhai Govindbhai

Legal Details

Possession Status:Physical

Encumbrance Details:Not Known to Bank

Why This Property

The machinery's location in Olpad, Surat, suggests potential industrial value. However, the limited details available warrant a 'Calculated Opportunity' rating. Bidders should conduct thorough due diligence before participating in the auction, considering the price and auction terms.

Contact Details

Branch:Branch Office : Satpur, Nashik

Service Provider:Public Auction

Contact Details:

Ajit Rokade

Contact no:9850009666

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